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Nord Drivesystems celebrates 60 years
Today, Nord serves the international market with 48 of its own subsidiaries in 36 countries and further sales partners in more than 50 countries. Read more
Auto industry safety in reverse gear: ICRA study
The automobile industry recorded a 33% increase in Total Recordable Work-Related Injuries (TRWRI) among workers, a 42% rise in Lost Time Injury Frequency Rate (LTIFR), and no reduction in High-Consequence Work-Related Injuries (HCWRI). Read more
Top 30 manufacturers account for 84% of global geared motors market
Industrial reducers and gearmotors have formed a stagnant market landscape after a long period of development. Interact Analysis’ report found that the global sales rankings of the top 30 manufacturers remained relatively stable between 2023 and 2024, says Shirley Zhu, Prinicpal Analyst, Interact Analysis.Read more
Bharat Forge and Liebherr partner on advanced aerospace manufacturing in India
The new facility will feature a ring mill that incorporates advanced forging and machining technologies to produce high-precision components including Landing Gear Components.Read more
Flender India to expand investments in domestic market
Approximately 10% of Flender Group’s 9,000 global employees are based in India. Read more
GTRI warns of India becoming an 'EV colony' for China
GTRI urged the government not to rush into providing significant incentives, warning that doing so could increase India's reliance on Chinese imports. Read more
Temasek considers selling stake from Schneider Electric India venture
Another possibility being considered is an initial public offering (IPO) of the stake.Read more
Optiemus Electronics begins manufacturing telecom gear for Tejas Networks
This move aligns with the government’s push for state-owned BSNL to use indigenous telecom equipment for its 4G networks.Read more
India targets key sectors to reduce import dependence under IPEF
The sectors under scrutiny include chemicals, automobiles, pharmaceuticals, advanced technology, electronics, and critical minerals, all deemed vital for national security and economic resilience.Read more
Mobile robots grow precision gearbox market
The global market for precision gearboxes used in industrial robots was worth just over $1 billion in 2023.Read more